REITs Nearly 8% Better in August

Strongest among the NAREIT Composite’s components was
the Mortgage REIT Index that was up 8.14%, followed by a
7.94% return in
the Equity REIT Index. The other two
components were positive in August as well, with the Real
Estate 50 Index return 7.65% and the Hybrid REIT Index
returning 5.02%, according to data provided by the National
Association of Real Estate Investment Trusts
(NAREIT).

August’s performance of the Composite followed a
0.04% July increase.

By comparison in the broader markets, the S&P
500 ended the month up 0.04%, the Dow Jones Industrial
Average finished with a 0.34% showing while the NASDAQ
composite finished down 2.61%.